34
Map
$249,000
●
Condo -
Off Market
159 SW FLORENCE AVE #E26
Gresham, OR 97080
3 Beds
2 Baths
1,112 Ft²
$2,036
Est. Monthly
$595
HOA / Fees
7.89%
Cap Rate
About This Property
Move-in ready and inviting! This welcoming 3-bedroom, 2-bath
Florence Terrace condominium offers comfortable, low-maintenance
living with newer appliances, wood laminate flooring, and a
functional layout. Enjoy your morning coffee or unwind at the end
of the day on the deck while taking in views of Mt. Hood. When it's
time to relax, you can head to the pool. You can also
appreciate the convenience of having water, sewer, garbage, and
exterior maintenance included through the HOA. The unit also
features a washer/dryer and detached one-car garage, with parks,
dining, and shopping nearby. Just move in and enjoy!
Unit Size
1,112 Ft²
Days on Market
147 days
Land Size
-
Price per sqft
$224
Property Type
Condo
Property Taxes
$218
HOA Dues
$595
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 17 days ago ( #242344240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by Berkshire Hathaway HomeServices NW Real Estate | $249,000 | |
| Listed by Berkshire Hathaway HomeServices NW Real Estate | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: GarageDoorOpener, LaminateFlooring, Laundry, WasherDryer
Appliances: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator
Basement: None
Exterior Details
Has Property Attached
Square Footage: 1112
Property Condition: Resale
Architectural Style: Traditional, Stories2
Year Built: 1978
Building Area Total: 1112
Window Features: Aluminum Frames, VinylFrames
Lot Features: Gentle Sloping, OnBusline
Water Source: Public
Financial Details
Tax Annual Amount: $2,617
Utilities Details
Cooling Type: WallUnit
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Landscaping, Maintenance, Maintenance Grounds, Management, Pool, Trash, Water, Sewer
HOA Fee: $490
HOA Fee Frequency: Monthly
Condo/Coop Fee: $105
Condo/Coop Fee Frequency: One Time
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/24/2024
|
2 Bed
|
1 Bath
|
904 ft²
|
$249,999
2 Bed
1 Bath
904 ft²
|
-
-
|
Tony Lozzi
John L. Scott Portland Metro
| |
|
12/14/2022
|
2 Bed
|
1 Bath
|
904 ft²
|
$228,000
2 Bed
1 Bath
904 ft²
|
-
-
|
Patti Gage
Berkshire Hathaway HomeServices NW Real Estate
| |
|
10/13/2022
|
2 Bed
|
1 Bath
|
852 ft²
|
$220,000
2 Bed
1 Bath
852 ft²
|
-
-
|
Alyssa Hall
John L. Scott Sandy
| |
|
09/04/2022
|
3 Bed
|
2 Bath
|
1146 ft²
|
$249,900
3 Bed
2 Bath
1146 ft²
|
-
-
|
Kenneth Cahill
John L. Scott Portland Metro
| |
|
03/19/2020
| |
2 Bed
|
1 Bath
|
852 ft²
|
$185,000
2 Bed
1 Bath
852 ft²
|
-
-
|
-
|
|
09/26/2018
| |
2 Bed
|
1 Bath
|
852 ft²
|
-
2 Bed
1 Bath
852 ft²
|
-
-
|
-
|
Building Info
159 Southwest Florence Avenue
159 Southwest Florence Avenue, Gresham, OR 97080
- 2 Units for Sale
About Holly Brook
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Listed by: Lorraine Heerwagen, Berkshire Hathaway HomeServices NW Real Estate
Last Updated: 17 days ago
Data Source: RMLS , MLS# 242344240
Last Updated: 17 days ago
Data Source: RMLS , MLS# 242344240
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than RH Advisors are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on 10/12/2026 15:16. Some properties which appear for sale on this web site may subsequently have sold or no longer be available.
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